Investors may have been lulled into a false sense of security despite some "terrible companies" getting away with refinancing, according to Azhar Hussain, head of global high yield at Royal London Asset Management.
The manager of the £1bn Short Duration Global High Yield Bond and £477m Global High Yield Bond funds said the current strong refinancing environment means the quality of some credits has deteriorated....
Industry Voice: Chris Taylor discusses the outlook for Japan, explaining why corporates are producing record aggregate profits and profits growth.
Comes in on 9 December 2019
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